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    • Ll1979 replied Mar 5, 2019

      API OIL DATA SHOWS LARGER THAT EXPECTED BUILD IN CRUDE OIL INVENTORY A private survey of oil inventories was released, pressuring WTI to pierce the trend line support after API data showed a much larger-than-expected build in U.S. crude inventories. ...

      WTI Crude Oil Trading
    • Ll1979 replied Mar 4, 2019

      OPEC UNLIKELY TO MAKE ANY OUTPUT POLICY DECISION AT APRIL MEETING - REUTERS 4 March 2019, 15:46 Citing three OPEC sources familiar with the matter, Reuters recently reported that OPEC was unlikely to make a new decision on output cuts at the April ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 27, 2019

      EIA: Commercial crude oil inventories decreased by 8.6 million barrels from previous week Below are some key highlights from the weekly oil market report published by the U.S. Energy Information Administration. •U.S. crude oil refinery inputs ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 25, 2019

      WTI MEETS SUPPORT NEAR $55.50, 10-DAY SMA 25 February 2019, 16:25 The barrel of WTI drops to multi-day lows near $55.50. President Trump criticized OPEC for higher prices. Saudi Arabia expected to cut its output further. Prices of the barrel of the ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 21, 2019

      EIA: COMMERCIAL CRUDE OIL INVENTORIES INCREASED BY 3.7 MILLION BARRELS FROM PREVIOUS WEEK 21 February 2019, 18:06 Below are some key highlights from the weekly oil market report published by the U.S. Energy Information Administration. U.S. crude oil ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 21, 2019

      Hey RicardoJoel i like your thoughts on the head & shoulders pattern. The Risk reward ratio is a bit high in my humble opinion risking 585 pips for a reward of 260 pips in these uncertain markets.

      WTI Crude Oil Trading
    • Ll1979 replied Feb 19, 2019

      WTI turns negative below $56.00, trade, supplies eyed 19 February 2019, 16:18 Prices of the WTI are grinding lower from YTD peaks. Renewed trade concerns keep weighing on crude oil. API, EIA reports next of relevance in the weekly docket. The barrel ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 19, 2019

      WTI HEADING BACK TOWARDS 2019 TOPS NEAR $ 56.80, API DATA EYED 19 February 2019, 12:27 Buoyed by a fresh round of US-China trade talks and tightening supplies amid OPEC output cuts. Will it take out 56.80/57.00 barrier ahead of API data as full ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 18, 2019

      WTI RECEDES FROM FRESH 2019 TOPS BEYOND THE $56.00 MARK 18 February 2019, 15:20 Prices of WTI exceed the $56.00 mark and clinch YTD peaks. WTI advances for the second session in a row. Oil rig count rose by 3 during last week to 857 active oil rigs. ...

      WTI Crude Oil Trading
    • Ll1979 replied Feb 14, 2019

      WTI: BULLS TAKING BACK CONTROL TO TEST THE CRITICAL $54.50 RESISTANCE LEVEL, AIMING FOR PRIOR ASCENDING WEDGE SUPPORT 14 February 2019, 22:15 Oil prices on Thursday have been whipsawed on opposing pressures, although the upside appears to be the ...

      WTI Crude Oil Trading